What’s happening in crypto. Bitvo’s May Trading Reports
Taxes for your crypto gains are due to be filed now! Are you ready?
Four resources for the cryptocurrency trader
How do you use a cryptocurrency exchange?
Check out our Bitcoin Pizza Day pics! And other events and announcements
Jamie Dimon’s JP Morgan crew pivots, and more in your links for the month
May 2020 Newsletter
In This Issue:
You can access all of Bitvo’s trading reports here.
Weekly Trading Update – May 4, 2020
Weekly Trading Update – May 11, 2020
Weekly Trading Update – May 19, 2020
Weekly Trading Update – May 25, 2020
Trading for the Month of
May
Weekly crypto highlights, including general and cryptocurrency specific news of
interest, as well as YTD trading history and current environment for BTC, ETH, XRP, LTC
and more.
New From Bitvo
Taxes for your crypto gains are due to be filed now!
Tax time is important for two reasons: To figure out if and what you owe and to see
how you did last year.
Four resources for the cryptocurrency trader
The four tools every cryptocurrency trader should explore…
How do you use a cryptocurrency exchange?
A crypto exchange is a Swiss Army Knife combining elements of traditional finance
and cutting edge technology.
Announcements
Want to know what we’re up to? Follow us in real time on our social handles!
Friday May 22nd was Bitcoin Pizza Day! We hope that you all enjoyed a slice or, like Bitvo friend and
customer Magdalena Gronowska (@Crypto_Mags), a whole pie!
In case you missed it, a replay of Trust in Transactions: Security & Digital Currency Exchanges,
moderated by Bitvo’s President & CEO, Pamela Draper, is now available. Check it out
The Bitvo team has been loving the
Canadian Blockchain Consortium
‘s virtual event series, including
“Understanding Bitcoin: The World’s First Digital Currency” hosted on May 28th. Thank you
@Blockchain_CBC for keeping us connected and informed during these times!
The
(CMSBA) hosted its annual Spring Training Session virtually this year
on May 28th. Pamela Draper participated in the event as a panelist speaking to the new regulations
taking effect on June 1, 2020 when all virtual currency trading platforms in Canada must register with
FINTRAC as a Money Service Business (MSB) and comply to FINTRAC regulations for MSBs. Bitvo pre-
registered ahead of time and is a fully compliant MSB.
We want to hear from you and share your insights with our community! Have you filled out our
survey “Why We Trade Crypto”? If not, please take a minute to do so
We’re featuring real
answers on our social media each week!
Around The Network
Famous last Za: Imagine transforming a fringe technology into a multibillion dollar industry using
pizza.
While articles love to opine about the current value of the
Bitcoins spent, they fail to realize that this was the cost of progress.
Digitization going mainstream: While many are focused on Bitcoin, the big daddy of crypto, the
digitization trend has been expanding rapidly.
complexity and volatility risk in trading pairs.
The Dimon touch: Jamie Dimon and the crew at JP Morgan have pivoted their opinion of crypto.
Not willing to let Silvergate Bank have all the crypto fun,
JP Morgan has anointed Gemini and
as their first clients in the space.
Alchemy of Finance: Paul Tudor Jones requires no introduction, being the one of the greatest
traders of his generation.
So when he speaks of Bitcoin, it’s wise to listen.
Pure trading:
Crypto hedgehogs are ramping up their AUM in recent months
. As crypto fills out and
matures, and digitization of assets continues, this trend is likely to continue.
Mining surplus energy: The inestimable Nic Carter
gives us some context about crypto mining
. One
wonders what the overall energy consumption of clearing, personal, office space, storage and
transportation are in traditional finance. What if we called securities clearing, mining instead?
Crypto ebb and flow: From a16z, a step back to
look at the development of crypto in fits and
This is like the technology adoption curve. It looks messy, chaotic, but the trend is one of
growth.
Retail digital currency: The ECB is looking beyond a single Central Bank Digital Currency stablecoin
rail.
They are explicitly looking at a retail oriented product
for wide adoption and distribution.
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